24 November 2007
As holiday shopping season begins, UG examining payday loan shops
Americans look forward to the holiday season. After the holidays are over, those same consumers dread the credit card bills they will receive.
17 November 2007
Payday lenders to post loan costs
Payday lenders offer quick cash advances -- for a fee -- that customers are supposed to repay with their next paycheck. Borrowers who cannot repay the loan often "roll over" the loan repeatedly, leading to charges that quickly add up and a cycle of debt. Customers are drawn to the lenders because, unlike banks and credit unions, they don't run credit checks.
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